Question
Which banking transaction involves the transfer of funds
from one bank account to another electronically, often used for paying bills or making purchases?Solution
Electronic funds transfer (EFT) is the transaction that allows the transfer of funds electronically from one bank account to another, commonly used for various payments.
As per Negotiable Instruments Act, 1881, Negotiable Instruments means:
While computing exemption in respect of gratuity received by a non-Government employee covered by the Payment of Gratuity Act, one of the items to be co...
The delivery of goods by one person to another as a security for the payment of a debt is called__________.
A’s acceptance to B for Rs. 5,000 is discharged by a cash payment of Rs.3000 and a new bill is drawn for the balance plus Rs.100 for interest. The am...
Audit of accounts by the staff of the business is known as:
A & B are partners sharing profits & losses in the ratio of 3 : 2. They admitted C into partnership with 3/10 share in the future profits of which he re...
Under the head Income from other sources, Family pension received is exempted upto ______.
Which of the following pair is wrongly matched?
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
Which Indian Accounting Standards (Ind AS) deals with "Financial Instruments"?
